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ArkansasSB512026 Fiscal SessionSenate

AN ACT FOR THE AUDITOR OF STATE - OPERATIONS AND UNCLAIMED PROPERTY PROGRAM APPROPRIATION FOR THE 2026-2027 FISCAL YEAR.

Sponsored By: Joint Budget Committee

Enacted

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 2 benefits, 1 costs, 0 mixed.

Money to pay unclaimed property owners

For July 1, 2026, through June 30, 2027, Arkansas sets aside $50 million in cash funds for unclaimed property claims. It also provides $2.5 million for claims for abandoned mineral proceeds. These funds pay valid claims from individuals, estates, and businesses. Another $2,500 supports unclaimed property operating costs, and $500 supports mineral proceeds operating costs. The law does not change claim eligibility or set an individual payment amount.

Funding for Arkansas auditor staff and services

For July 1, 2026, through June 30, 2027, the State Central Services Fund provides about $7.26 million across two programs. This includes about $3.44 million for Auditor operations and $3.82 million to run the Unclaimed Property Program. Operations allows 20 regular workers and five temporary workers; the property program allows 12 regular workers and three temporary workers. Annual salary ceilings range from $48,575 to $183,185, and each program gets $30,000 for temporary help. Funding includes $700,000 for data matching and $1.12 million for property program professional services; transfers within each program are allowed.

Professional credentials required for internal auditor

From July 1, 2026, through June 30, 2027, the Arkansas Auditor of State's Internal Auditor must maintain professional credentials. The employee must hold either active Certified Internal Auditor certification from the Institute of Internal Auditors or an Arkansas Certified Public Accountant license in good standing.

Sponsors & Cosponsors

Sponsor

  • Joint Budget Committee

    Affiliation unavailable

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 118 • No: 12

House vote • 4/28/2026

House Vote - Tuesday, April 28, 2026 2:43:38 PM

Yes: 85 • No: 12 • Other: 1

Senate vote • 4/27/2026

Senate Vote - Monday, April 27, 2026 3:19:21 PM

Yes: 33 • No: 0

Actions Timeline

  1. Notification that SB51 is now Act 154

    5/1/2026Senate

  2. DELIVERED TO GOVERNOR.

    4/28/2026Senate

  3. Reported correctly enrolled and ordered delivered to the Governor.

    4/28/2026Senate

  4. ORDERED ENROLLED

    4/28/2026Senate

  5. Returned from the House as passed.

    4/28/2026Senate

  6. Returned to the Senate as passed.

    4/28/2026House

  7. EMERGENCY CLAUSE ADOPTED

    4/28/2026House

  8. Read the third time and passed and ordered transmitted to the Senate.

    4/28/2026House

  9. Read the first time, rules suspended, read the second time and placed on the CALENDAR.

    4/27/2026House

  10. RECEIVED FROM THE SENATE

    4/27/2026House

  11. Ordered Immediately transmitted to the House.

    4/27/2026Senate

  12. EMERGENCY CLAUSE ADOPTED

    4/27/2026Senate

  13. Read the third time and passed.

    4/27/2026Senate

  14. REPORTED CORRECTLY ENGROSSED

    4/23/2026Senate

  15. Amendment # 1 read the first time, rules suspended, read the second time and adopted, ordered engrossed.

    4/23/2026Senate

  16. Returned by the Committee with the recommendation that it Do Pass as amended, Amendment # 1

    4/22/2026Senate

  17. Read first time, rules suspended, read second time, referred to JOINT BUDGET COMMITTEE

    4/8/2026Senate

  18. Filed

    4/1/2026Senate

Bill Text

  • SB51 - Introduced

    4/1/2026

    PDF

  • Act Version

    PDF

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